News / Container shipping service levels dropping as costs and rates rise

Container shipping costs and service levels are at risk of spiralling out of control, according to Drewry.

As well as a massive withdrawal of capacity since the start of the Covid-19 crisis – 468 blanked departures on east-west trades – the analyst said schedule reliability had been “extremely low”.

“In the first half of the year, fewer than two out of three vessels arrived within 24-hours of their ETA,” said Philip Damas, head of Drewry Supply Chain Advisors.

“To make matters worse, this ...